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Kraft Foods pays $40 million dividend to parent Mondelez after takeover
By Tina Morrison June 6 (BusinessDesk) – Kraft Foods Investments (New Zealand), which makes Cadbury chocolate, paid its first dividend of $40 million to its parent company after being taken over in 2010, financial statements show. Kraft acquired Cadbury’s New Zealand operations...
Housing NZ chair Jackson quits over potential conflict with Fletcher directorship
June 6 (BusinessDesk) - Housing New Zealand chairman Alan Jackson has handed in his resignation over the potential for a conflict of interest with his directorship with construction firm Fletcher Building. Housing Minister Nick Smith said he has accepted the resignation to let...
Air NZ lifts stake in Virgin Australia to 23 percent , may creep up to 26 percent
June 6 (BusinessDesk) - Air New Zealand has agreed to lift its holding in Virgin Australia to about 23 percent from 19.99 percent in a series of off-market transactions and indicated it may seek to hold as much as 26 percent. New Zealand’s state-controlled airline paid about A$...
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